$CMG - EARNINGS JUST OUT -
Added 2024-07-24 20:28:21 +0000 UTC$CMG has reported a beat on earnings with an EPS of $0.34 vs $0.32 estimates.
Price managed to hold on its 200 Day MA going into earnings and will likely get a positive bounce continuing into tomorrow.
I still believe this is in its ABC correction and this bounce is Wave B and could reach $64 before moving lower to the 0.5 Fib at $37.
It is hard to expect $CMG to make new ATH's if the market is moving lower.
Comments
Cmg faded big time
Marty Austin
2024-07-24 21:05:08 +0000 UTC
